Easterly Government Properties, Inc. (NYSE:DEA) – Research analysts at Jefferies Group upped their FY2017 EPS estimates for shares of Easterly Government Properties in a research note issued to investors on Monday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will earn $1.27 per share for the year, up from their previous estimate of $1.26. Jefferies Group has a “Buy” rating and a $24.00 price objective on the stock. Jefferies Group also issued estimates for Easterly Government Properties’ FY2019 earnings at $1.44 EPS.
DEA has been the subject of a number of other reports. Zacks Investment Research raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Friday, November 17th. BidaskClub lowered Easterly Government Properties from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, December 5th. This is an increase from Easterly Government Properties’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.00%. Easterly Government Properties’s dividend payout ratio is 1,040.00%.
A number of institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its position in Easterly Government Properties by 57.7% during the third quarter. Public Employees Retirement System of Ohio now owns 43,861 shares of the real estate investment trust’s stock worth $907,000 after buying an additional 16,045 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Easterly Government Properties by 30.2% during the third quarter. Neuberger Berman Group LLC now owns 1,125,198 shares of the real estate investment trust’s stock worth $23,258,000 after purchasing an additional 261,188 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in Easterly Government Properties by 72.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,582 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 3,609 shares during the period. First Republic Investment Management Inc. bought a new position in Easterly Government Properties during the third quarter worth about $269,000. Finally, Asset Management One Co. Ltd. lifted its stake in Easterly Government Properties by 36.2% during the third quarter. Asset Management One Co. Ltd. now owns 121,045 shares of the real estate investment trust’s stock worth $2,501,000 after purchasing an additional 32,164 shares during the period. 87.31% of the stock is currently owned by hedge funds and other institutional investors.
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Easterly Government Properties Company Profile
Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).
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